Construction Institute Inc

Analysis

Construction Institute Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Construction Institute Inc reported income of $355k and spending of $396k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $345k to $355k (+3.0%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Construction Institute Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Okmulgee Area Development Corporation ($355k), Partnership for Career Development ($355k) and Springfield Project ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $74k (19% of expenses). Other salaries and wages came to $121k. At year end it held assets of $95k against liabilities of $109, net assets of $95k.